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← CockpitCompetitor Analysis › BSRT-UN.TO BSR Real Estate Investment TrustOpen in the cockpit ↗

BSR Real Estate Investment TrustBSRT-UN.TOCompetitor analysis, valuation and peers

Canada · CAD·Real Estate›Real Estate Investment Trusts
Momentum weak 32
Mkt cap
$405M
US dollars, full cap
Free float
82%
of shares outstanding
$/day
$156,811
20-day average traded
P/B
0.68×
price to book
ROE
3.2%
delivered
Implied ROE
6.8%
what the price asks
Next earnings
6 days
12 Nov 2026
Close · CADC$14.50
1D+0.8%
1W-2.0%
1M-3.6%
3M-15.2%
6M-9.5%
YTD-15.2%
1Y-11.0%
ATR %2.8%
52w lowhigh17.4% off high

What BSR Real Estate Investment Trust does

Employees: 250

BSR Real Estate Investment Trust at a glance

Size BSR Real Estate Investment Trust (BSRT-UN.TO) is a Canada Real Estate company (Real Estate Investment Trusts) with a market value of $405M, the 373rd largest of 420 Canada companies the cockpit tracks. Shares closed at C$14.50 on 6 Nov 2026.

Performance Over six months the shares fell 9.5%, against -16.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue fell 17.3% over the last twelve months (peer median +2.1%); the operating margin is 49.8% (peer median 46.6%).

Valuation It trades at 0.68× book value against a peer median of 0.87× (5th cheapest of 20).

Price implies The share price implies a return on equity of about 6.8%; BSR Real Estate Investment Trust delivers 3.2%, so the price asks more than the business earns today.

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026BSRT-UN.TO 90Peer median 87
Six months, rebased to 100: BSR Real Estate Investment Trust against the median of its 20 peers (local-currency closes).

BSR Real Estate Investment Trust financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$187MC$202MC$231MC$226MC$206M
Revenue growth—-13%+2%+10%—
Gross profitC$95.4MC$99.9MC$126MC$123MC$111M
EBITDAC$93.1M-C$4.38MC$97.6MC$134MC$255M
Net incomeC$26.3M-C$87.7M-C$55.1M-C$285MC$296M
Free cash flowC$28.0MC$38.1MC$50.6MC$58.9MC$83.3M
Capital expenditureC$0C$0C$0C$0C$0
Total debtC$1.04BC$993MC$1.19BC$1.07BC$1.04B

Quarterly statements and history in the cockpit →

BSR Real Estate Investment Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-10%0%+10%29793459ILPTPRV-UNXRNBRSPNSINXRTNXR-UNRWTPLZ-UNCHCTM1GU04050948002972INEA34763290BSRT-UN.TO6-month return →1-month return →
Up and to the right = strong over both horizons. BSR Real Estate Investment Trust is the large dot.

Fundamentals: return on equity against price-to-book

-10%0%10%0.50×10×1.50×29793459ILPTPRV-UNSEITINVITXRNBRSPNSINXRTNXR-UNRWTPLZ-UNCHCTM1GU04052972INEABSRT-UN.TOReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. BSR Real Estate Investment Trust is the large dot.

Capital: ROE delivered against the ROE the price implies

-10%0%10%20%0%20%29793459ILPTPRV-UNSEITINVITXRNBRSPNSINXRTRWTPLZ-UN0405BSRT-UN.TOROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. BSR Real Estate Investment Trust is the large dot.

BSR Real Estate Investment Trust competitors and peer comparison

How BSR Real Estate Investment Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

BSR Real Estate Investment Trust against its 20 peers (data as of 6 Nov 2026)
MeasureBSRT-UN.TOPeer medianRank in peer set
1-month return-3.6%-3.7%11th highest of 21
6-month return-9.5%-16.3%7th highest of 20
Return on equity3.2%4.7%9th lowest of 20
Price / book0.68×0.87×5th cheapest of 20
Trailing P/E21.5×14.2×4th most expensive of 14
ROE the price implies6.8%7.2%10th least demanding of 20
ROE delivered3.2%4.2%9th lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
BSR Real Estate Investment Trust BSRT-UN.TOCanada$405M-10%-17%3%0.68×6.8%3.2%
SOSiLA Logistics REIT,Inc 2979.TJapan$407M-28%0%5%0.82×4.3%4.7%
Samty Residential Investment 3459.TJapan$411M-27%+13%6%0.77×4.0%6.1%
Industrial Logistics Properties Trust ILPTUnited States$397M-27%+4%-12%0.94×16.7%-12.2%
PRO Real Estate Investment Trust PRV-UN.TOCanada$397M+6%+8%7%0.96×9.1%7.2%
Sustainable Energy Infra Trust SEITINVIT.NSIndia$415Mn/a+6%4%1.44×26.6%3.7%
Chiron Real Estate XRNUnited States$416M-16%+4%10%0.87×9.5%10.0%
BrightSpire Capital BRSPUnited States$416M-44%+2%2%0.47×7.2%2.1%
Nsi NSI.ASNetherlands$394M+1%-4%-2%0.54×4.5%-2.5%
NexPoint Residential Trust NXRTUnited States$417M-46%+1%-14%1.85×17.3%-13.6%
Nexus Industrial REIT NXR-UN.TOCanada$418M-1%+2%5%0.71×9.0%4.9%
Redwood Trust RWTUnited States$392M-44%-9%-4%0.44×7.2%-4.0%
Plaza Retail REIT PLZ-UN.TOCanada$419M+19%+3%11%1.01×7.7%11.1%
Community Healthcare Trust CHCTUnited States$423M-16%+6%5%1.02×8.2%4.7%
Alpha Integrated Real Estate Investment Trust M1GU.SISingapore$423M-1%+6%11%0.91×3.9%n/a
Yuexiu Real Estate Investment Trust 0405.HKHong Kong$424M-19%-11%-3%0.20×4.3%-3.3%
Mirae Asset Maps Realty Real Estate Public Investment 094800.KSSouth Korea$424M-17%n/an/an/an/an/a
SANKEI REAL ESTATE 2972.TJapan$383M+4%-15%-5%1.28×5.0%-4.7%
Fonciere INEA INEA.PAFrance$382M-11%-1%1%0.68×5.3%0.5%
MIRAI 3476.TJapan$431M-23%-22%6%0.77×3.8%5.8%
One REIT 3290.TJapan$435M-10%0%6%0.91×4.4%6.4%

Questions

Which companies are BSR Real Estate Investment Trust's closest peers?
The cockpit's peer set: SOSiLA Logistics REIT,Inc (2979.T), Samty Residential Investment (3459.T), Industrial Logistics Properties Trust (ILPT), PRO Real Estate Investment Trust (PRV-UN.TO), Sustainable Energy Infra Trust (SEITINVIT.NS), Chiron Real Estate (XRN), BrightSpire Capital (BRSP), Nsi (NSI.AS).
Is BSR Real Estate Investment Trust expensive compared with its peers?
On price / book it trades at 0.68× against a peer median of 0.87×, 5th cheapest of 20 in its peer set. The share price implies a return on equity of about 6.8%; BSR Real Estate Investment Trust delivers 3.2%, so the price asks more than the business earns today.
How has BSR Real Estate Investment Trust stock performed?
Over six months to 6 Nov 2026 the shares returned -9.5% against -16.3% for the median peer; over one year -11.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.